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Mr Trump to Impose 10% Tariff on Aluminium Import from Argentina and Brazil

Metal News - Published on Tue, 03 Dec 2019

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Accusing Argentina and Brazil of hurting American farmers through currency manipulation, US president Mr Donald Trump said on Monday that he will impose tariffs on their steel and aluminium imports to retaliate. Mr Trump tweeted that "Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & aluminium that is shipped into the US from those countries."

When Mr Trump increased tariffs to 25 percent on steel and 10 percent on aluminium in 2018, both Latin American countries were granted exemptions.

The President's threat to reverse that decision and impose the metals tariffs on Argentina and Brazil is another example of his mercurial approach to trade policy.

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Posted By : Rabi Wangkhem on Tue, 03 Dec 2019
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